SMSF software provider Class has introduced a new filtering feature to help accountants identify clients impacted by the new superannuation reforms.
The feature enables Class users to identify funds and members at key balance thresholds, those with transition to retirement income streams and fund members in relevant age brackets.
Class users can also identify which of the funds, they administer, use the segregation method and may be able to take advantage of capital gains tax relief offered under the reforms.
Further, users can create a list of funds that have a pension balance over $1.6 million, have segregated assets and have members who are close to retirement age.
“The reforms are the biggest changes since 2007 and now is the time to reach out to your clients and ensure that they are informed and have a plan of action,” Class chief executive Kevin Bungard said.
“Class will continue to roll out new features and functionality to enable our users to efficiently address the changes and achieve the best outcomes for their clients.”
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